L'Oreal Co. ADROTCPK - Current
Wed, Nov. 23, 11:42 AM
- A California startup is suing L’Oréal (OTCPK:LRLCF, OTCPK:LRLCY), alleging that the U.S. unit of the French company copied an award-winning hair product and related marketing strategy.
- The company claims L’Oréal gained access to its proprietary technology, marketing strategy and one of its unpublished patent applications during discussions about a possible takeover in 2015, and then started selling three products that infringe the related patent about a year later.
Fri, Jul. 29, 8:01 AM
Fri, Jul. 22, 1:31 PM| Fri, Jul. 22, 1:31 PM
Mon, May 23, 5:57 PM
- Unilever (NYSE:UL), L'Oreal (OTCPK:LRLCF), Henkel (OTCPK:HENKY) and other companies have submitted first-round bids in an auction for hair care products maker Vogue International, which could value Vogue at $2.5B-$3B, Reuters reports.
- The bids come three years after a lawsuit hurt Vogue's effort to sell itself; buyout firm Carlyle Group (NASDAQ:CG) acquired a 49% stake in the company last year.
- Florida-based Vogue produces OGX shampoo, which has enjoyed strong growth propelled by its colorful packaging which stands out in drugstore aisles.
Mon, Jan. 4, 2:06 PM
Oct. 12, 2015, 10:18 AM
- L'Oreal (OTCPK:LRLCF, OTCPK:LRLCY) has decided to sell its Em Michelle Phan business run by its U.S. subsidiary to Ipsy, according to Women's Wear Daily.
- Em Michelle Phan is the makeup brand created by YouTube personality Michelle Phan off her popular YouTube channel.
- Financial terms of the transaction weren't disclosed.
Sep. 4, 2015, 6:59 AM| Sep. 4, 2015, 6:59 AM
Aug. 4, 2015, 3:14 PM| Aug. 4, 2015, 3:14 PM
May 26, 2015, 8:23 AM
- L'Oreal (OTCPK:LRLCF, OTCPK:LRLCY) plans to cut prices in China to offset lower duties it will be charged by the government.
- The company didn't issue specific details on which products will see reduced pricing.
- The growth of "gray market" online sellers in China has pressured consumer-facing sellers such as L'Oreal.
May 18, 2015, 10:49 AM
- L'Oreal (OTCPK:LRLCF, OTCPK:LRLCY) plans to increase skin production over the next five years using new technology from Organovo.
- The initiative will include developing 3D printed skin which can be used for testing of products and treatments.
- Skin samples are produced by breaking down the cells of donated tissue and placing them in an environment similar to a human body.
Apr. 22, 2015, 1:46 PM
- Shareholders at L'Oreal (OTCPK:LRLCF, OTCPK:LRLCY) voted by an overwhelming majority to keep single voting rights.
- There's been a push in France to get companies to approve double voting rights for shareholders owning shares for more than two years.
- L'Oreal's annual shareholder meeting was held today (webcast).
Apr. 20, 2015, 1:19 PM
- L'Oreal (OTCPK:LRLCF, OTCPK:LRLCY) reports sales rose 14% Y/Y to €6.44B ($6.92B) in Q1 vs. $6.35B expected.
- Sales were up 4% if the impact of currency swings and acquisitions were backed out.
- Revenue growth by region (as reported): Western Europe +4%, North America +25.2%, New Markets +17.4%.
- Revenue growth by division (as reported): Professional products +16%, Consumer Products +11.6%, L'Oreal Luxe +20.1%, Active Cosmetic +10.2%.
- L'Oreal sales update
Mar. 20, 2015, 12:54 PM
- The beauty industry saw a 4% drop in shoppers last year, according to data from NPD Group.
- The research firm found that half of all beauty product shoppers focus on items on sale when making their purchasing decisions.
- Makeup and fragrance products are the categories most likely to benefit from extra discretionary income, notes NDP.
- Related stocks: RDEN, REV, IPAR, AVP, EL, SBH, ULTA, OTCPK:LRLCY.
Sep. 8, 2014, 6:47 AM
Feb. 11, 2014, 2:04 AM
- L'Oreal (LRLCF) has agreed to acquire 8% of its capital from Nestle (NSRGY) for €6.5B ($9B) in a deal that will reduce the latter's holding in the cosmetics group to 23.29% from 29.4%.
- L'Oreal will pay €3.4B of the total sum in cash and the rest by handing over 50% of its stake in Swiss dermatology pharmaceuticals company Galderma, a 50-50 joint venture between Nestle and the French firm. The latter deal has an enterprise value of €3.1B.
- Nestle intends to use the cash from the deal to repurchase stock and it is creating a new unit called Nestle Skin Health, using Galderma as the basis.
- L'Oreal plans to cancel all the shares that it is buying back. Following the transaction, the Bettencourt Meyers family's holding in the company will rise to 33.31% from 30.6%. (PR)
Feb. 7, 2014, 6:39 PM
- Bloomberg reports Nestle (NSRGY) is "exploring ways" to slash its 29% stake in cosmetics giant L'Oreal (LRLCF), which has a current value of $30B.
- Sources state Nestle has "raised the issue to L’Oreal at the highest levels and both sides have discussed the matter with banks." However, some caution the sale process could take years to fully transpire, given the size of the stake and complex ties with the Bettencourt family (owns 31% of L'Oreal).
- Nestle, which has $6B+ in cash and shor-term investments, reportedly "doesn't have an immediate plan" regarding how to spend the proceeds from a sale.
- Previous: L'Oreal looks to buy out Nestle stake